Bitcoin’s Critical Test: Can BTC Hold Support Before the $98.5K Showdown?

Bitcoin's price action is tightening. The market holds its breath as the leading cryptocurrency approaches a pivotal moment—one that could define its trajectory for the new year.

The Line in the Sand

All eyes are on a key support level. A hold here maintains the bullish structure, but analysts warn the real proving ground sits much higher. The true test, they argue, awaits near the $98.5K mark. That's the level that separates a healthy correction from a potential trend reversal.

Pressure Builds

Momentum hinges on this defense. Failure to consolidate above current support invites increased volatility and could see bears push for a deeper retrace. Traders are sizing up their positions, knowing a clean bounce sets the stage for the next leg up.

The Final Verdict

This isn't just about holding a line—it's about gathering strength for the ultimate challenge. The path to six figures remains open, but it demands a show of force here first. Forget the hopium; the chart doesn't lie, and right now it's whispering a warning that only a surge past $98.5K will silence. After all, on Wall Street, a 'test' is just a polite word for a make-or-break moment that separates the bulls from the bag holders.

Bitcoin faces downward pressure and must hold key support levels, with an analyst highlighting the true test for a momentum shift. Bitcoin (BTC) is currently experiencing some downward pressure, trading at $86,729 after a 0.8% drop in the last 24 hours.

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